Here's what happens to Apple's stock price every time Tim Cook goes on TV
Advertisement
Can going on TV help your company's stock price? Apparently so, if you're Apple CEO Tim Cook.
Advertisement
Advertisement
That's the conclusion drawn by Bernstein analyst Toni Sacconaghi in a note this week. He looked at Tim Cook's seven TV appearances since he took over as CEO, including two with CNBC's Jim Cramer and two on Charlie Rose. On average, he found, Apple's share price had been underperforming the market by more than 4% two weeks before Cook's appearances. But the stock started outperforming after the appearances, and continued to outperform for the following month.
Bernstein
Next StoryAdvertisement
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
Apple Let Loose event scheduled for May 7 – iPads expected to be launched
DRDO develops lightest bulletproof jacket for protection against highest threat level
Sensex, Nifty climb in early trade on firm global market trends
Nonprofit Business Models
10 Must-Do activities in Ladakh in 2024
